Egyptian exports within the Qualifying Industrial Zone (QIZ) agreement reached $191m during the first quarter (Q1) of 2017. “Egypt continues its negotiations to expand the range of the QIZ agreement and includes new industries within it, without limiting the existing industries to ready-made clothes, textiles, agricultural crops, and leathers,” El Rabie added. In 2004, Egypt signed the QIZ agreement with the United States of America and Israel. Total Egyptian exports within the agreement reached $8.642bn during the period from February 2005 to June 2016, with $8.601bn being for textile industries, and $41.1m for food industries. The number of companies qualified to exporting within the agreement increased to 965 after 4 new factories joined the agreement in February.

Source: Daily News Egypt May 21, 2017 13:52 UTC